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Coach Tops Year Ago Numbers and Street Predictions

Coach on Tuesday posted second quarter results that bested year ago results and Wall Street’s expectations.

Coach on Tuesday posted second quarter results that bested year ago results and Wall Street’s expectations.

For the three months ended Dec. 30, income jumped 30.6 percent to $227.5 million, or 61 cents a diluted share, from $174.2 million, or 45 cents, a year ago. Wall Street was expecting 58 cents a share. Sales rose by 28.6 percent to $836.4 million from $650.3 million.

“Our extraordinary second quarter performance demonstrates that Coach has attained a new level of popularity in North America, reflecting the strength of our product and franchise, our position as a gift authority and the rapid expansion of the handbag and accessory category,” said Lew Frankfort, chairman and chief executive officer, in a statement.


For complete coverage see tomorrow’s issue of WWD.